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Application of Federal Laws and Regulations Related to Human Resource Management
Mike was feeling overwhelmed in his new job as Manager of Small Products, a division of Large Corporation. The Vice President for Human Resources had called this morning to congratulate him on his promotion and to inquire as to whether he was comfortable with the major laws and regulations that were important now that he was a manager. In the course of one day, he had four employees with problems that he thought were related to these laws.
-Sheila a manager in the Production department called to tell Mike that a study in her department determined that several female engineers in her area were paid 20% less than men in the same positions. What law prohibits this type of discrimination?
Maximin Strategy
A strategic choice aiming to ensure the best of the worst-case outcomes in a competitive or uncertain environment.
Pure Strategies
In game theory, strategies that involve making a specific choice or action with certainty, as opposed to mixed strategies where actions are chosen probabilistically.
Mixed Strategy
A strategic decision in game theory where a player chooses among all possible actions based on a set of probabilities for each action, rather than selecting a single action consistently.
Stackelberg Match
A strategic game in economics where one leader firm sets its output first, and then the follower firms set their outputs sequentially.
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